Interest Rates of Banks and Financial Institutions Remains Unchanged for Kartik

The interest rate that was kept in Ashoj has been maintained in Kartik month as well.

The bank announced today when releasing the interest rate for Kartik that they are keeping the interest rate constant. Banks had already defied the six-month consensus in Ashoj by raising interest rates by an average of 10%.

Banks in Ashoj maintained interest rates on term deposits at 12.133 percent for individuals, 10.133 percent for institutions, and 13.133 percent for remittances. Some banks have offered remittance interest rates as high as 15%.

The finance minister's committee, which was established to lower interest rates, has advocated letting the market set interest rates. Despite the committee's lack of recommendations for an urgent interest rate reduction, bankers have decided to maintain the current rate.